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Do the wealthy really not pay their ‘fair share’ of federal taxes?

The Tax Foundation is a great resource for factual data on who pays federal taxes — and who doesn’t. Be armed with the facts when you hear progressive Democrats such as our president call for tax hikes on higher earners because they don’t ‘pay their fair share.’ Let’s have a discussion about where we’re headed, but let’s have it based on facts.

Actually, higher earners pay MORE than their ‘fair share.’ The data tells the story.

First, a look at the share of federal tax paid by the top 1%:

 

Second, a broader look at who pays federal taxes:

 

Donna Martinez / Senior Writer and Editor

Donna came to the John Locke Foundation in January 2003 after freelance writing for Carolina Journal and contributing to projects for the North Carolina Education Alliance. He...